The shutdown marks what the source describes as the biggest failure so far in the RWA segment, wiping out about $140 million tied to the tokenized property platform founded in 2019.
Crypto real estate platform RealToken, also known as RealT, has announced liquidation after roughly $140 million in assets were lost, in what the source describes as the biggest collapse to date in the RWA (real-world assets) sector. RealT was founded in 2019 by Canadian brothers Rémy Jacobson and Jean-Marc Jacobson and promoted a model that let users become landlords starting from $50 by buying tokenized exposure to property. The case underscores the risks in tokenized real estate, where blockchain-based ownership claims are tied to off-chain property management and legal structures.